In the News

LOCAL NEWS & UPDATES

$35M affordable housing project approved for Southeast – August 2, 2021

El Paso County commissioners have approved tax breaks for a 137-unit affordable housing apartment complex in the city’s Southeast. Colorado Springs Urban Renewal Authority will oversee the project, to be built by the Kansas-based Cohen-Esrey Development Group. Read More

Colorado Springs receives $111M for housing needs; City Council looks to do more -July 12, 2021

The Colorado Springs City Council critiqued how the city staff proposed spending $76 million in federal coronavirus relief aid on Monday, calling for more funding for affordable housing, but largely supported many ideas to fund infrastructure and economic development. Read More

Soaring Lumber and Material Costs Cause Sticker Shock -April 25, 2021

Soaring lumber and material costs are causing sticker shock for Colorado Springs homeowners, builders, and contractors. Read More

Proposal for affordable housing, downtown Colorado Springs – April 21, 2021

“The opportunity to be in a house, that is affordable, in a beautiful city like Colorado Springs? I think that’s a step in the right direction,” said Kiran Pandit, neighbor. Read More

Colorado Springs is not Aspen: New ‘workforce housing fund’ – March 16, 2021

To ward off Colorado Springs becoming like Aspen or Vail — where ski industry employees often can’t afford to live in the community where they work — the Pikes Peak region’s first “workforce housing fund” has been created. Read More

New affordable housing coming to Colorado Springs – February 23, 2021

On Tuesday, City Council approved a private activity bond for a 200-unit apartment complex on East Fountain and North Academy Loop. Read More


Steadily rising home prices raise concern among Colorado Springs city leaders – February 23, 2021

The City Council this week expressed concern that steadily-rising home prices are starting to discourage some employers — and maybe even some families — from moving here. Read More

Affordable Housing shows no impact on property values – February 9, 2021

As Colorado Springs City Council members Tuesday consider approving the spending plan for incoming federal Housing and Urban Development funding, a new map shows property values have not decreased in any city neighborhood because of affordable housing projects. Read More

Home shortage continues to frustrate Colorado Springs buyers – January 11, 2021

With so few homes for sale, many frustrated buyers spend weeks and even months looking for properties. Read More

Colorado Springs apartment developer seeks to create more than just a place to live – December 13, 2020

Darsey Nicklasson is a relative newcomer to the highly competitive world of real estate development in Colorado Springs. She doesn’t have a big name and doesn’t boast a big company. Read more

Proposed development to turn empty  King Soopers building into affordable housing – December 1, 2020

For the past 16 years, the old King Soopers in the Mission Trace Shopping Center has stood vacant and seemingly abandoned. But Toby Gannett, owner of BCR Management, wants to change that. Read more

City announces virtual open house for Module 2 draft changes – November 11, 2020

The City of Colorado Springs has announced that they will host a virtual open house on November 17, 2020 from 6-7 p.m. for the draft changes in Module 2 for Chapter 7. Learn more about how to participate here

Home purchase out of reach for average El Paso County workers – September 24, 2020

Rising home prices are outpacing wage growth in El Paso County, putting a home purchase out of reach for the average worker, according to a new report. Read more

Home values up 10% in Colorado Springs despite pandemic – September 15, 2020

Despite the COVID-19 pandemic, homes sales continue to thrive in Colorado Springs, but that’s giving no relief to new home buyers. Read more

Council debates new residential zoning – September 9, 2020

The Colorado Springs City Council debated a new zoning concept Tuesday supporters say could give developers flexibility, encourage housing diversity within subdivisions and might not break out single-family neighborhoods as a category. Read more

Downtown apartment developer sets sights on Southeast – August 14, 2020

Darsey Nicklasson has a big vision when it comes to a field in Southeast Colorado Springs.

The developer behind two of Downtown’s premier apartment complexes — Blue Dot Place and Casa Mundi — knows she’s taking a leap of faith on the 18.6-acre parcel at 2155 Hancock Expressway, and that some will likely view her project as gentrification. But if she sees her vision come to fruition, Nicklasson said, she will create a residential development that is a mosaic of people truly reflective of the diverse community. Read more

 

STATE NEWS & UPDATES

Colorado Springs working to combat affordable housing shortage – January 20, 2021

The lack of affordable housing in the Colorado Springs region has been well-documented as the area continues to see record growth. City leaders and community leaders say they are well aware, and taking action. Read more


Colorado Department of Local Affairs allocates $13.96M for affordable housing, eviction prevention and homeless relief – September 24, 2020

The Colorado Department of Local Affairs (DOLA) Division of Housing (DOH) awarded $4.47M through the Colorado State Housing Board (SHB) for affordable housing in September. Read more

Affordable housing orgs say Coloradans will need at least $291 million in rent and mortgage assistance this year – May 17, 2020

A coalition of Colorado affordable-housing organizations with an up-close view of the desperate situation some low-income families are facing has an emergency plan that it believes could help stave off a potential mass eviction and foreclosure crisis if state and local leaders can find the money for it. Read more

federal news & updates

HUD Renews Funding for Thousands of Local Homeless Programs – January 29, 2021

The U.S. Department of Housing and Urban Development (HUD) today awarded $2.5 billion to renew support to thousands of local homeless assistance programs across the nation. Read more


FHA Extends Foreclosure and Eviction Moratorium for Homehowners through Year End – August 27, 2020

Third extension will allow FHA-insured homeowners economically impacted by COVID-19 to focus on financial recovery. Read more

COVID-19 Updates

Colorado distributing $67 million for pandemic housing assistance – December 30, 2020

Colorado is in the process of distributing over $67 million in pandemic relief for housing assistance and help for veterans, the state announced this week.

Of those funds, $54 million was allocated by the state legislature earlier this month for various housing assistance programs. Read more

HUD allocates over $450,000 to Community Development Block Grant Program – August 31, 2020

El Paso County Community Development Block Grant Program is announcing an additional application cycle for the release of CDBG-CV funds. The application process opens Tuesday, Sept. 1. The funds are intended to prevent, prepare and respond to the COVID-19 pandemic. Read more

A COVID-19 housing crisis threatens Coloradans – August 18, 2020

Mucking horse stables, finding yardwork, driving for Uber — 47-year-old Monument resident Jody Raye has spent the last five months in a desperate hustle to pay bills and hold onto his home.

A part-time junior high and high school music teacher who lost his job in March, he is one of millions of Americans — a number that grew since the federal enhanced unemployment aid ended last month — facing a housing crisis due to the economic downturn resulting from COVID-19. Read more